39-22-627 Temporary Adjustment of Income Tax Rate of Income Tax. Basis and Purpose: The statutory bases for this rule are sections 39-21-112(1), 39-22-

104(1.7), 39-22-301(1)(d), and 39-22-627, C.R.S. The purpose of this rule is to adjust the Colorado income tax rate in accordance with section 39-22-627, C.R.S. (1) Pursuant to section 39-22-627, C.R.S., the Colorado income tax rate for the tax imposed on individuals, estates, trusts, and corporations pursuant to sections 39- 22-104(1.7) and 39-22-301(1)(d)(I)(I) and (J), C.R.S., is reduced to four and one- half percent for: (a) tax years commencing on or after January 1, 2019, but prior to January 1, 2020; and (b) tax years commencing on or after January 1, 2021, but prior to January 1, 2022.